India's GMR Airports hits three-month high as Citi initiates with 'buy' rating

GMR Airports (India)

03/04/2025 10:23

** Shares of airport operator GMR Airports GMRI.NS up 4.2% at 82.12 rupees, after hitting 3-month high of 83.2 rupees earlier

** Citi initiatives coverage with "buy" rating and PT of 90 rupees

** Says GMRI to turn profitable from FY26 as co fundamentally well-placed

** "GMR Airports has strong traffic outlook, headroom to non-aero spending, commercialization of landbanks and inorganic growth pipeline from government's airport privatization," it says

** Trade vol at 19.6 mln shares, compared to 30-day avg of 12.1 mln

** Stock up 5.6% YTD

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com))